Corporate - M&A news
Overview of the latest corporate and M&A news
New law introduces unfair terms prohibition in B2B relations
30 April 2019
A new impactful Belgian law has recently been adopted without raising much media interest. It introduces the general principle that any clause creating an obvious imbalance in the rights and obligations of contractual parties can be cancelled.
As a result, this principle, already known in business-to-consumer (B2C) contractual relationships, is extended to business- to-business (B2B) contractual relationships. It goes without saying that this new law will have important consequences for company relationships by questioning the legality of several contracts.
Belgian parliament adopts new Companies and Associations Code
1 March 2019
The law implementing the new Belgian Companies and Associations Code will enter into force on 1 May 2019.
The main changes and their impact in practice are described on Laga’s dedicated web page.
There is a fairly long transition period in which companies need to comply with the new Code.